Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Garg FurnaceBOM:530615 -0.18%65 Return-on-Tangible-Equity is 11.01% as of Mar. 2026, which is 26% below its 10-year median of 14.89. GuruFocus rates BOM:530615 with a GF Score™ of 65/100 and a GF Value™ of ₹177.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 616 Steel companies, Garg Furnace ranks better than 82.31% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Garg Furnace's annualized net income for the quarter that ended in Mar. 2026 was ₹106 Mil. Garg Furnace's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹960 Mil. Therefore, Garg Furnace's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.01%.
The historical rank and industry rank for Garg Furnace's Return-on-Tangible-Equity or its related term are showing as below:
BOM:530615'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -121.48 Med: 14.89 Max: 74.95
Current: 12.64
During the past 13 years, Garg Furnace's highest Return-on-Tangible-Equity was 74.95%. The lowest was -121.48%. And the median was 14.89%.
BOM:530615's Return-on-Tangible-Equity is ranked better than 82.31% of 616
companies
in the Steel industry
Industry Median: 4.13
vs BOM:530615: 12.64
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Garg Furnace Return-on-Tangible-Equity Related Terms
Garg Furnace Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Garg Furnace's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:530615 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Garg Furnace's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Garg Furnace Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Garg Furnace's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Garg Furnace's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.01% mean?
Garg Furnace (BOM:530615) has a Return-on-Tangible-Equity of 11.01% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Garg Furnace and its competitors. This is 26% below median its historical median of 14.89. According to the industry distribution chart, Garg Furnace ranks #109 out of 616 companies in the Steel industry, placing it in the top 17.7%.
Is Garg Furnace's Return-on-Tangible-Equity too high?
Garg Furnace's current Return-on-Tangible-Equity of 11.01% is 26% below median its 10-year median of 14.89. The Steel industry median Return-on-Tangible-Equity is 4.13. Garg Furnace's value of 11.01% is 166.6% above this industry median. Based on the distribution chart, Garg Furnace ranks #109 out of 616 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Garg Furnace has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garg Furnace's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Garg Furnace ranks #109 out of 616 companies for Return-on-Tangible-Equity. This places Garg Furnace in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.13. Garg Furnace's value of 11.01% is 166.6% above this benchmark. While the company's 10-year median is 14.89 vs. the industry median of 4.13, Garg Furnace has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.13, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garg Furnace's current Return-on-Tangible-Equity of 11.01% is 166.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Garg Furnace and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garg Furnace's current Return-on-Tangible-Equity is 11.01%, which is 26% below median its own 10-year median of 14.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garg Furnace stock overvalued right now?
Based on GuruFocus' analysis, Garg Furnace (BOM:530615) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹177.70, compared to a current price of ₹136.00 — trading 23.5% below its estimated fair value. The current Return-on-Tangible-Equity is 11.01%, which is 26% below median its 10-year median of 14.89 and 166.6% above the Steel industry median of 4.13. Garg Furnace's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Garg Furnace (BOM:530615), the current Return-on-Tangible-Equity is 11.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garg Furnace (BOM:530615) Overvalued in 2026?
Based on GuruFocus' analysis, Garg Furnace stock appears to be undervalued.
The current stock price of ₹136.00 is trading 23.5% below its estimated GF Value™ of ₹177.70.
GuruFocus considers Garg Furnace to be Modestly Undervalued.
Key valuation signals for BOM:530615:
Return-on-Tangible-Equity: 11.01% (26% below median its 10-year median of 14.89)
GF Value™: ₹177.70 vs. price of ₹136.00 (23.5% below fair value)
Industry Position: 166.6% above the Steel median (#109 of 616)
No single metric tells the full story. See the BOM:530615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.
65GF Score
Get the complete analysis for BOM:530615
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:530615 has been successfully added to your 
